Business interruption insurance, also known as Time Element insurance, is probably the most valuable coverage your business can have. It is a coverage that is frequently overlooked by many business owners. If your business was affected by an event such as wind, water or a fire, standard property insurance would not cover the loss of income caused by the temporary closure of your business. Business Interruption Insurance is designed to cover such losses and can be equated as disability insurance for a business.
Business interruption insurance covers the loss of income (net